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Leaders of the software development industry announced the formation of the Value Stream Management Consortium (VSMC).
Founded by leading technology providers, Digital.ai, HCL Software, Plutora, ServiceNow, and Tasktop, the VSMC charter is to help organizations around the world improve performance and drive customer value through the adoption of value stream management (VSM).
Still in its infancy, the purpose of VSM is to delight customers by delivering software products that provide and create value for them. VSM achieves this through a comprehensive software lifecycle orchestration process that provides value stream managers, release managers, DevOps managers, product managers, and leadership with the data, visibility, and problem-solving tools necessary to continuously improve software development and delivery.
“At this stage in the development of value stream management it’s important that we create and foster a community of experts to further VSM practices, innovation, and adoption,” said Helen Beal, Chair of the Value Stream Management Consortium. “By creating this community, we will increase and accelerate the use of VSM, while developing and instilling best practices and standards. And, ultimately, just like the practice of VSM itself, we will help deliver the utmost value to industry practitioners.”
The consortium will serve as a central hub of information and education pertaining to the practice and adoption of value stream management. Ongoing research will inform how organizations measure value and become higher performing as a result. Training and certifications will support member collaboration worldwide and help make VSM the industry standard way of working.
The Consortium’s inaugural research offering will be the The State of Value Stream Management Report which will measure how teams are applying value stream management principles, practices, and metrics to influence their value stream management outcomes. The survey will be launched now, and its findings will be available in early May.
The Board of Directors is comprised of Chair, Helen Beal and representatives from the founding companies, including Richard Knaster, Chief Scientist, Value Stream Management at Digital.ai; Brian Muskoff, Director of Product Management and Development at HCL Software; Jeff Keyes, VP of Product at Plutora; Rohit Jainendra, VP and GM for ITBM and DevOps, at ServiceNow; and Neelan Choksi, President and COO at Tasktop. Advisors to the Board of Directors include Alistair Watkins, Bryan Finster; and Steve Pereira.
The VSMC is a professional membership association open to all. Members will receive the latest updates and unique learning opportunities evolving out of the growing VSM ecosystem, as well as participation in a fast-growing community of peers.